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RE: SteemMag – Steemit’s Weekend Digest #30: A Much Needed Boom: 1 Month After - HOW FAR SO FAR
Due to smaller amounts of STEEM on the market (currently people) are paid for posts in SteemPower and SBD finally the inflation got smaller and the pump on the price was possible.
The 7 days payment window also helped with this
This is incorrect. There has always been more people buying steem than authors cashing out and it is still true today, you just have to look at the exchanges's wallet to see that.
The reason the price was allowed to spike is because early miners are done dumping.
Hmm is it? How do we find out?
You can check @lukestokes's report here to get an idea https://steemit.com/exchangereport/@lukestokes/exchange-transfer-report-5-7-2017-to-5-13-2017
Out of the top 50 withdrawals only 3 users are earning author reward @tamim @abdullar @dollarvigilante
The bulk of the money going out is not made by people cashing out their rewards.
If you want precise numbers use exchange's wallet history to calculate how much authors's money is going out VS steem coming in
early miners are not people ?
Not sure why you ask this question..
Correct